CIO Business Intelligence

JUNE 9, 2023

Such is the case with a data management strategy. Without it, businesses incur steep costs, but the downside, or costs, are often unclear because calculating data management’s return on investment (ROI), or upside, is a murky exercise. Without it, organizations incur a significant opportunity cost.

Strategy 114

Strategy Management Key Performance Indicator ROI 114

Cloudera

DECEMBER 19, 2023

There, I met with IT leaders across multiple lines of business and agencies in the US Federal government focused on optimizing the value of AI in the public sector. AI can optimize citizen-centric service delivery by predicting demand and customizing service delivery, resulting in reduced costs and improved outcomes.

Optimization 87

Optimization Cost-Benefit Unstructured Data Risk 87

IBM Big Data Hub

DECEMBER 20, 2023

Without an AI strategy, organizations risk missing out on the benefits AI can offer. An AI strategy helps organizations address the complex challenges associated with AI implementation and define its objectives. What is an AI strategy? A successful AI strategy should act as a roadmap for this plan.

Strategy 78

Strategy Business Objectives Cost-Benefit Consulting 78

CIO Business Intelligence

FEBRUARY 1, 2023

As organizations of all stripes continue their migration to the cloud, they are coming face to face with sometimes perplexing cost issues, forcing them to think hard about how best to optimize workloads, what to migrate, and who exactly is responsible for what. Lacking a clear strategy determined by business objectives.

Optimization 111

Optimization Cost-Benefit Consulting Strategy 111

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. These applications are designed to benefit logistics and shipping companies alike. Did you know?

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

CIO Business Intelligence

MAY 8, 2024

Process automation and improvement is a perennial CIO agenda item, and the call for business process optimization is only getting louder — especially for those processes directly tied to the bottom line. We take the financial risk for this, which means that if there is anything that’s misrepresented, the money comes from our pocket.”

IT 102

IT Cost-Benefit Insurance Unstructured Data 102

IBM Big Data Hub

JUNE 20, 2023

Here’s what you need to know in order to build a successful strategy. The following are the six stages of asset lifecycle management: Planning: In the first stage of the asset lifecycle, stakeholders assess the need for the asset, its projected value to the organization and its overall cost. What is an asset?

Strategy 76

Strategy Management Cost-Benefit IoT 76

CIO Business Intelligence

MAY 16, 2023

In some instances, organizations undertook a thoughtful and planned approach to their multicloud strategies. Many found these environments difficult to manage, govern and modernize, all while controlling costs. All these challenges limited the benefits the multicloud model was supposed to unlock. What is multicloud by design?

Strategy 91

Strategy Cost-Benefit Optimization Modeling 91

Smart Data Collective

JULY 20, 2022

A growing number of businesses use big data technology to optimize efficiency. However, companies that have a formal data strategy are still in the minority. Only 32% of executives have officially laid out a data strategy to drive their organization. This illustrates the benefits of combining big data and lean thinking.

Data-driven 125

Data-driven Optimization Big Data Data Strategy 125

Smart Data Collective

DECEMBER 13, 2021

E-commerce Companies Are Using Big Data Technology to Improve the Execution of their Marketing Strategies. This figure will continue to grow as more online retailers discover the benefits of using big data for various purposes, such as marketing. You simply can’t afford to ignore the benefits of using big data in this business.

Data-driven 136

Data-driven Marketing Strategy Big Data 136

CIO Business Intelligence

OCTOBER 16, 2023

Two significant changes have prompted a reassessment: first, business transformation projects necessitate comprehensive process evaluations, so the two domains can’t be viewed separately anymore; second, the growing emphasis on security has highlighted the substantial risks of using outdated, unmonitored technology.

Manufacturing 133

Manufacturing Strategy Cost-Benefit IoT 133

datapine

OCTOBER 11, 2023

Every day, more and more businesses realize the value of analyzing their own performance to boost strategies and achieve their goals. Keep on reading to learn a definition, benefits, and a warehouse KPI list with the most prominent examples any manager should be tracking to achieve operational success. What Is A Warehouse KPI?

Metrics 217

Metrics KPI Management Cost-Benefit 217

CIO Business Intelligence

JULY 31, 2023

For those companies operating on a calendar year, the end of summer signals the start of annual planning and the mad dash to prepare their IT strategies. Your answers will lay the foundation for your strategy and highlight where your story needs work if you want to avoid fire drills in the eleventh hour. How much will it cost?

Strategy 98

Strategy IT Cost-Benefit Finance 98

CIO Business Intelligence

MAY 9, 2024

They should lead the efforts to tie AI capabilities to data analytics and business process strategies and champion an AI-first mindset throughout the organization. At a high level, a CAIO will need to understand the business well enough to identify where AI can make an impact, whether through new value streams or optimization, Daly says.

Risk Management 126

Risk Management Risk Cost-Benefit Technology 126

Decision Management Solutions

MARCH 4, 2020

Balancing key profit drivers such as revenue, risk, & costs is central to success in lending and many other high volume, transactional decisions targeted with Decision Management. Add mathematical optimization and you can go even further. Sponsored by FICO, this is available on their website.

Optimization 83

Optimization Cost-Benefit Publishing Strategy 83

CIO Business Intelligence

AUGUST 1, 2022

Upgrading IT and data security to reduce corporate risk was the No. Without an overall strategy for modernization, companies risk mismanaging their edge-to-cloud data efforts, either overprovisioning, which incurs unnecessary costs, or underprovisioning, which impedes their ability to fully deliver for customers or hit key business goals.

Strategy 95

Strategy Cost-Benefit Risk Management 95

CIO Business Intelligence

DECEMBER 20, 2022

Deploying data and workloads in this model offers the potential for incredible value, including improved agility, functionality, cost savings, performance, cloud security, compliance, sustainability, disaster recovery—the list goes on. When evaluating cloud provider lock-in, tread carefully to ensure it supports your strategy as a business.

Optimization 89

Optimization Cost-Benefit Modeling Risk 89

IBM Big Data Hub

APRIL 10, 2023

A well-designed data architecture should support business intelligence and analysis, automation, and AI—all of which can help organizations to quickly seize market opportunities, build customer value, drive major efficiencies, and respond to risks such as supply chain disruptions.

Strategy 92

Strategy Data Architecture Cost-Benefit Reporting 92

CIO Business Intelligence

NOVEMBER 8, 2023

1 The rapid migration to the public cloud comes with numerous benefits, such as scalability, cost-efficiency, and enhanced collaboration. In fact, a few of the most common challenges include: Risk. 6 On top of that, the average cost of a data breach is over $4.4 8 Complexity. 8 Complexity.

Cost-Benefit 133

Cost-Benefit Risk Digital Transformation Reporting 133

Smart Data Collective

JULY 9, 2023

One benefit is that they can help with conversion rate optimization. This article is going to provide some great insights on developing strategies for unlocking additional value from an online business, which can do a lot to boost revenue and catapult the enterprise to new heights. billion on analytics last year.

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

O'Reilly on Data

APRIL 23, 2024

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

Advertising 270

Advertising Cost-Benefit Marketing Risk 270

CIO Business Intelligence

NOVEMBER 28, 2023

Even with the benefits of cloud, there’s a reason that over 70 % of Fortune 500 companies’ data is stored on the mainframe. Wholesale moves off of the mainframe are fraught with risk and ever-increasing costs, but the analytical capabilities of the cloud are full of opportunity and potential for innovation, fueled by AI and ML algorithms.

Digital Transformation 115

Digital Transformation Cost-Benefit Strategy Optimization 115

IBM Big Data Hub

APRIL 25, 2024

BPR examples are not one-time projects, but rather examples of a continuous journey of innovation and change focused on optimizing end-to-end processes and eliminating redundancies. This blog outlines some BPR examples that benefit from a BPM methodology.

Cost-Benefit 61

Cost-Benefit Finance Optimization Key Performance Indicator 61

IBM Big Data Hub

FEBRUARY 5, 2024

Cloud computing continues to grow in popularity, and its scalability, functionality, cost-effectiveness and other potential benefits have helped transform traditional business models and update legacy systems, creating opportunities for various organizations. a migration will be.

Management 70

Management Cost-Benefit Strategy Risk 70

CIO Business Intelligence

DECEMBER 29, 2023

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation.

Cost-Benefit 138

Cost-Benefit Digital Transformation Consulting Strategy 138

IBM Big Data Hub

FEBRUARY 13, 2024

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals. Specific types of sourcing minimize costs in different ways.

Cost-Benefit 85

Cost-Benefit Scorecard Risk Recreation/Entertainment 85

CIO Business Intelligence

JANUARY 3, 2024

AI can help optimize processes in many different ways, for example: customers’ speech and text into different languages, dialects, or accents. AI First in the Contact Center IBM Consulting and Amazon Web Services (AWS) are working together to bring an AI-first strategy to contact center transformation. Digital Transformation

B2B 118

B2B Insurance Consulting Cost-Benefit 118

CIO Business Intelligence

JUNE 6, 2023

The calculation can be simplified as: ROI = Net benefits / Cost To keep it simple, if for example the cost of a new analytics tool is $1 million and the data team can run 5 projects this year on it, and the average project value is $1 million, the net benefit would be $4 million for an ROI of 400% in the first year.

Optimization 52

Optimization Cost-Benefit ROI Data-driven 52

Laminar Security

DECEMBER 22, 2023

In the age of cloud computing, data security and cost management are paramount for businesses. Data Security Posture Management (DSPM) serves as a critical tool in this landscape, offering businesses a way to keep their data secure while also managing their cloud storage costs effectively.

Cost-Benefit 95

Cost-Benefit Risk Optimization Risk Management 95

Smart Data Collective

NOVEMBER 12, 2021

To address newer challenges, security providers have developed new technologies and strategies to combat evolving threats. To get acquainted with the ways security firms are handling the new breed of threats in cyberspace, here’s a rundown of the notable strategies the leading cybersecurity platforms and security firms are offering.

Strategy 133

Strategy Enterprise Testing Cost-Benefit 133

AWS Big Data

MARCH 12, 2024

Our commitment to efficiency is unwavering, and we’ve undertaken an exciting initiative to optimize our batch processing jobs. We share our strategy for the adoption of EMR Serverless in areas where it excels. For example, Adaptive Query Execution in Spark 3 brings significant performance and cost improvements.

Cost-Benefit 88

Cost-Benefit Optimization Big Data Metrics 88

IBM Big Data Hub

DECEMBER 13, 2023

This claim is often used to encourage asset-intensive industries to evolve their maintenance strategies, invest in instrument equipment and leverage analytics to adopt predictive maintenance approaches. Imagine you could also capture the “why” and create strategies to predict and prevent the root causes of failure.

Cost-Benefit 68

Cost-Benefit Optimization Strategy Risk 68

CIO Business Intelligence

APRIL 11, 2024

Governments cannot put their head in the sand and ignore change, but they operate in a highly complex, data-sensitive environment and can’t afford to take on fundamental business risks in the name of innovation. What are the business benefits of innovation in government? You don’t have to risk resiliency to embrace innovation.

Cost-Benefit 100

Cost-Benefit Predictive Analytics Data-driven Risk 100

IBM Big Data Hub

MARCH 15, 2024

When a client is not able to properly visualize all applications and their underlying dependencies properly, they risk experiencing diminished reliability. To accelerate the hybrid cloud journey and control costs, it is critical to prioritize specific execution and transformation steps.

Consulting 98

Consulting Cost-Benefit Risk Measurement 98

Cloudera

OCTOBER 18, 2023

In the ever-evolving landscape of the financial services Industry, change is a constant and transformation is a requirement — to stay at pace with new regulations, risk mitigation, and the technological developments that support transformation.

Cost-Benefit 77

Cost-Benefit Testing Machine Learning Optimization 77

CIO Business Intelligence

APRIL 4, 2024

Like other CIOs, Katrina Redmond has been inundated with opportunities to deploy AI that promise to speed business and operations processes, and optimize workflows. The cost of implementing and running AI models can be quite high, so you have to be really careful in assessing the business worthiness of AI use cases,” he says.

Enterprise 133

Enterprise Cost-Benefit Forecasting Strategy 133

CIO Business Intelligence

NOVEMBER 8, 2023

The technology talent gap continues to inflate labor costs, too, despite big layoffs in high tech, CIOs say, and they’ve seen double-digit increases in SaaS and cloud costs over the last two years. They weren’t communicating enough and it cost them a lot,” he says. in June, 2022, to 3.7% Here’s how.

IT 129

IT Cost-Benefit Digital Transformation Software 129